- Since 2024 began, seven months have passed—that is, 223 days—and a number of virtual currencies have seen significant increases in value.
- Two meme currencies that are leading the pack are BOME and MOG, which have increased by 11,931% and 3,733%, respectively, during this time.
The Year-To-Date Winners and Losers in Crypto
According to data from 2024, a number of digital assets have seen significant quadruple-digit gains, while 14 digital currencies have increased by triple digits year-to-date (YTD). The meme cryptocurrency book of meme (BOME) led the assault, surging 11,931% against the US dollar. MOG coin (MOG) has also increased 3,733% year-to-date. Aerodrome finance (AERO) increased by 1,235%, while mantra dao (OM) increased by 1,763% to complete the top four with four-digit gain.
Memes: dogwifhat (WIF) gained 860%, pepe (PEPE) gained 522% YTD, and turbo (TURBO) surged 920%. PEOPLE, AIOZ, FLOKI, ONDO, JASMY, and TON are some other notable movers since the beginning of 2024; they have all increased by between 175% and 318% relative to the US dollar. With increases ranging from 108% to 124%, CKB, PENDLE, AR, and MEW completed the list of triple-digit risers.
But not everyone has been fortunate in 2024. The largest loss has been suffered by the wormhole token, W, which as of August 11 had dropped 83.98% versus the US dollar. Casper Network (CSPER) is down 70.97%, while Wemix Token (WEMIX) is down 71.27%. DYDX dropped 66.19%, while the Mina protocol (MINA) saw a 69.69% decrease year-to-date. Additionally, the BRC20 token ORDI fell 66.01% versus the US dollar.
The state of the digital currency market in 2024 will likely continue to mirror the erratic character of the current market, where substantial profits are tempered by substantial losses. The way meme coins and other cryptocurrency assets function is a clear indication that although there are chances to make significant profits in this ever-evolving market, there are also risks of experiencing dramatic downturns.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
